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Initial Coin Offering 

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  1. 19.06.2023 | OriginalPaper

    Initial coin offerings: current trends and future research directions

    Initial coin offerings (ICO) have emerged as a niche financing arrangement, primarily used by budding tech-savvy entrepreneurs to fund their projects through token sales. This paper explores the various research dimensions on this complex means of …

  2. 11.07.2023 | Erratum

    Correction to: Initial coin offerings: current trends and future research directions

  3. 2023 | OriginalPaper | Buchkapitel

    The Initial Coin Offering: Is It a Profitable Tool for Investment?

    Initial Coin Offerings (ICOs) have established themselves since 2017 as an attractive alternative for financing innovative companies. However, these new modes of financing from the world of blockchain technology have a very volatile return on …

    verfasst von:
    Hicham Sadok
    Erschienen in:
    Digital Economy. Emerging Technologies and Business Innovation (2023)
  4. 14.01.2023 | OriginalPaper

    Initial Coin Offerings: a Hybrid Empirical Review

    The new era is marked by the disruptive integration of Fintech and digital services that have invaded daily use. New stylised and novel financing modes have exploded, while sophisticated technologies such as the blockchain and artificial …

  5. 2023 | OriginalPaper | Buchkapitel

    Initial Coin Offerings (ICOs) and Celebrity Token Promotions: Part 1

    This chapter began with an overview of initial coin offerings (ICOs) and statistics concerning their rapid growth beginning in 2017. Next, we discussed the SEC’s 2017 warning about ICOs. The chapter proceeded with analyzing case studies related to …

    verfasst von:
    Jason Scharfman
    Erschienen in:
    The Cryptocurrency and Digital Asset Fraud Casebook (2023)
  6. 2023 | OriginalPaper | Buchkapitel

    Initial Coin Offerings (ICOs) and Celebrity Token Promotions: Part 2

    This Chapter continued to present case studies in cryptocurrency fraud. It began with a discussion of The Hydrogen Technology Corporation case. The discussion of this case dealt with issues related to market making and the unregistered offer and …

    verfasst von:
    Jason Scharfman
    Erschienen in:
    The Cryptocurrency and Digital Asset Fraud Casebook (2023)
  7. 2022 | OriginalPaper | Buchkapitel

    The Coin du Jour: The Rise of Initial Coin Offerings

    Myriad Crypto Bros have concluded the path to affluence can come from the design of a new coin. Some have done so for notoriety, and still others even on a lark. A few innovators, such as SatoshiNakamoto, Satoshi, appear motivated onlyNakamoto …

    verfasst von:
    Colin L. Read
    Erschienen in:
    The Bitcoin Dilemma (2022)
  8. 2022 | OriginalPaper | Buchkapitel

    Imbalanced Problem in Initial Coin Offering Fraud Detection

    ICOs, the initial coin offerings, are a common way to raise funds for blockchain projects. Fraudulent ICO projects not only cause financial losses to investors but also cause a loss of confidence in the blockchain capital market. Whitepapers are …

    verfasst von:
    Yifan Zheng, Maoning Wang
    Erschienen in:
    Data Science (2022)
  9. 01.04.2022 | OriginalPaper

    Gini index based initial coin offering mechanism

    As a fundraising method, Initial Coin Offering (ICO) has raised billions of dollars for thousands of startups. Existing ICO mechanisms place more emphasis on the short-term benefits of maximal fundraising while ignoring the problem of unbalanced …

  10. Open Access 29.03.2021 | OriginalPaper

    Initial coin offerings, information disclosure, and fraud

    We study the extent of fraud in initial coin offerings (ICOs), and whether information disclosure prior to the issuance predicts fraud. We document different types of fraud, and that fraudulent ICOs are on average much larger than the sample …

  11. 02.04.2021 | OriginalPaper

    Initial Coin Offerings (ICOs): the importance of human capital

    The Initial Coin Offerings (ICOs) subject has been gaining relevance due to its novelty, due to the capital amounts involved in the projects, as well as the disruptive technology and methods involved. ICOs are a disruptive way to finance new …

  12. 2021 | OriginalPaper | Buchkapitel

    Initial Coin Offerings: Current Research and Future Directions

    We survey the nascent academic literature on initial coin offerings (ICOs), highlighting both the insights that have been established and the questions that remain. On the empirical side, we summarize the state of knowledge about ICO pricing …

    verfasst von:
    Jiasun Li, William Mann
    Erschienen in:
    The Palgrave Handbook of Technological Finance (2021)
  13. Open Access 08.12.2020 | OriginalPaper

    Know-Your-Customer (KYC) Requirements for Initial Coin Offerings

    Toward Designing a Compliant-by-Design KYC-System Based on Blockchain Technology

    Blockchain technology is often proposed as an infrastructure for decentralized Know-Your-Customer (KYC) verification, i.e., a process determining whether a customer is eligible for a given transaction. The benefit of using blockchain technology …

  14. Open Access 17.03.2021 | OriginalPaper

    Cross-listings of blockchain-based tokens issued through initial coin offerings: Do liquidity and specific cryptocurrency exchanges matter?

    Initial coin offerings (ICOs) represent a novel funding mechanism where digital tokens are issued on the blockchain and sold to investors. One major reason for the success of this financing model is the fact that the issued tokens can immediately …

  15. 2021 | OriginalPaper | Buchkapitel

    Token & mehr: Initial Coin Offerings für digitalisierte Verbraucherinnen und Verbraucher?

    Bei Initial Coin Offerings (ICOs) finanzieren Anlegerinnen und Anleger Projekte von Unternehmen und erhalten im Gegenzug sogenannte Coins oder Token auf einer Blockchain. Dieser Beitrag ordnet ICOs in den finanzwirtschaftlichen Kontext ein, stellt …

    verfasst von:
    Stefan Wendt, Matthias Horn
    Erschienen in:
    Verbraucherwissenschaften (2021)
  16. 20.03.2020 | OriginalPaper

    Initial coin offerings, asymmetric information, and loyal CEOs

    A defining feature of initial coin offerings (ICOs) is that entrepreneurs bear the full marginal investment cost but profit only partially from the marginal investment payoff. This design may exacerbate agency conflicts inherent in corporate …

  17. Open Access 19.03.2020 | OriginalPaper

    Serial and large investors in initial coin offerings

    This study is the first to provide systematic evidence regarding investor behaviour in initial coin offerings (ICOs), their investment patterns and their role in the success of campaigns. Using hand-collected data on 472 public token sales over …

  18. Open Access 24.02.2021 | Online First

    Which investors’ characteristics are beneficial for initial coin offerings? Evidence from blockchain technology-based firms

    Initial coin offerings have recently become one of the most important funding resources for ventures in the blockchain area. However, often ventures do not rely solely on initial coin offerings as funding source but receive also investments from …

  19. Open Access 07.04.2020 | OriginalPaper

    The entrepreneurial finance markets of the future: a comparison of crowdfunding and initial coin offerings

    Entrepreneurial finance markets are in a dynamic state. New market niches and players have developed and continue to emerge. The rules of the game and the methods for receiving financial backing have changed in many ways. This editorial and the …

  20. Open Access 04.05.2020 | OriginalPaper

    Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice

    Initial coin offerings (ICOs) are a novel form of funding that has driven billions of dollars into the blockchain ecosystem, potentially challenging traditional funding vehicles such as business angel or venture capital investments. However …

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